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NORTH AmERIcAN Newsline MARCH 12, 2021 | The Indian Eye 33

Prior to joining CLASP, she served as the deputy director her undergraduate degree in economics from Princeton Univer-
of the Women’s Bureau in the US Department of Labor under sity. She has an MBA from Stanford University Graduate School
President Obama. She also previously served as senior director of of Business.
programs for the Women Donors Network (WDN) as well as re- “Naureen’s leadership background, deep commitment to fos-
search director for Asian Americans/Pacific Islanders in Philan- tering diverse teams, and extensive technology and financial ex-
thropy. perience will be critical to her role as a Bank leader,” said John C.
Williams, president and chief executive officer of the New York
naureen Hassan Fed. “I am confident that Naureen will be an inspiring and inno-

financial industry veteran vative leader, and look forward to working with her to move our
organization forward in line with our values.”
“Naureen’s leadership experience and operational expertise
named cOO of new York fed are fully aligned with what the search committee and I envisioned
for this role,” said Denise Scott, chair of the New York Fed’s
board of directors. “Together with the board of directors, I am
delighted that Naureen will be taking on this role that is critical
to advancing the Bank’s mission and strategic priorities.”

Pramila JaYaPal

democratic lawmaker named

vice chair of key panel

ndian American Democratic lawmaker Pramila Jayapal has
been named vice chair of House Judiciary Committee’s sub-
Icommittee on antitrust, commercial, and administrative law.
In this leadership role, Jayapal, 55, will oversee the subcommit-
tee’s urgent work on antitrust, big tech, reining in anti-competi-
tive behavior, helping prevent monopolistic practices, protecting
a free press, and allowing innovation to thrive, according to a
media release.
“Jayapal has been a leading voice on the committee, where
she most recently played an active role in conducting America’s
first major congressional antitrust investigation in decades,” it
said.
ndian American Naureen Hassan has been named first vice “I am honored to lead the House Subcommittee on Antitrust,
president and chief operating officer of the Federal Reserve Commercial, and Administrative Law at a pivotal moment in
IBank of New York. The appointment, approved by the Board of which we must write the next chapter of antitrust law,” said Jay-
Governors of the Federal Reserve System, will be effective March apal, US Representative from Washington state,
15, 2021, the New York Fed said in a press release. “That’s how we will finally hold dominant tech platforms ac-
As the first vice president, she will be the second highest rank- countable while advocating for workers, stopping hate and mis-
ing officer at the New York Fed and an alternate voting mem- information, and protecting a free press.”
ber of the Federal Open Market Committee, which sets the U.S. “By reasserting the power of Congress and using our historic
monetary policy. investigation as a roadmap, we will continue the work necessary
The New York Fed is the most influential among the 12 equal to rein in anti-competitive behavior, help prevent monopolistic
Federal Reserve Banks, and, therefore, considered first among practices, protect local and independent journalism, and allow
equals. It is the largest Federal Reserve Bank in the country in innovation to thrive.”
terms of assets and most active by volume. It is also the place Serving her second term in Congress, Jayapal is the first South
where the U.S. monetary policy is implemented. Asian American woman elected to the House and is currently
Hassan, a financial industry veteran, served as the chief digital the only Indian American woman in the US Congress. In July,
officer of wealth management at Morgan Stanley till a year ago. Jayapal questioned the CEOs of three dominant tech platforms.
Based in San Francisco, she had been shuttling between the Bay She asked former Amazon CEO Jeff Bezos about how the tech
Area and the Big Apple. The New York Fed said Hassan was giant uses third party seller data, the release noted.
appointed after a search conducted by “a subset of the eligible “She also questioned Facebook CEO Mark Zuckerberg on
members of the New York Fed’s board of directors.” how the social networking giant harvests and monetizes user
Before joining Morgan Stanley in March 2016, Hassan was data and then utilizes it to copy, acquire, and kill rivals.”
an executive vice president of investor services, segments and Additionally, Jayapal asked Google’s Indian American CEO
platforms, at Charles Schwab Corporation. She also worked at Sundar Pichai about the company’s total control of the ad mar-
McKinsey & Company, as business analyst and associate princi- ket as the owner of the market, the ad buyer, and the ad seller,
pal, early in her career. which has harmful effects on the local and independent journal-
Hassan, who grew up in south central Pennsylvania, earned ism necessary for our democracy to thrive.

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